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Posts Tagged ‘what will 2nd quarter GDP report be’

Continuing Consumer Contraction Points to Accelerating Double Dip

Posted by Larry Doyle on July 27th, 2010 6:10 AM |

2nd quarter earnings are certainly coming in stronger than expected, and our equity markets are having a solid rebound this month. Are these earnings reflective of real underlying strength in the economy or corporations that are now operating more efficiently?

Has our economy hit a soft patch? Is it declining? Are we rebounding from a recent downturn? Might we experience a real double dip?

The initial reading of 2nd quarter GDP is due this Friday. To say that it is highly anticipated would be a huge understatement. Consensus expectations for 2nd quarter GDP are running between +2.5% and +3%. Recall that the final 1st quarter report registered a +2.7% reading.

A Sense on Cents favorite has a decidedly different view of 2nd quarter economic activity and the subsequent GDP. (more…)

Rick Davis Nailed 1st Qtr 2010 GDP Report on November 30, 2009

Posted by Larry Doyle on June 30th, 2010 9:41 AM |

How would you like to have the answers to a quarterly report before other participants have even thought that the activity is occurring, data is being compiled, analysis is being rendered, and the results are released? That would truly be awesome, wouldn’t it?

Can you imagine college students knowing the answers to their final exam before other students have even registered for the class? A doctor successfully making the diagnosis, while other doctors are waiting for the patient to arrive at the hospital? How about  a weatherman pinpointing forecasts literally months in advance? Well, in my opinion, the work produced by Rick Davis of Consumer Metrics Institute is the economic equivalent of these seemingly miraculous calls. (more…)






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